Monthly Business Magazine Sudan March 2021 PRIME MINISTER Business PORT SUDAN REVIEW: HAMDOK RECEIVES A STRATEGIC REVENUE STREAM VISA CARD SUDAN AIRWAYS A NEW CHAPTER BEGINS ERICSSON IN SUDAN USS WINSTON VICTOR LINDBERG SHARES S. CHURCHILL AN INSIGHT ON INFORMATION DOCKS IN AND COMMUNICATIONS PORT-SUDAN TECHNOLOGY IN SUDAN SUDAN PREPARING FOR GLOBAL OIL & GAS EXPLORATION OTHER ROUND WITH 26 BLOCKS FETATURES SUDAN RECEIVES 800,000 COVID-19 VACCINES Sudan Business Magazine March 2021 www.sudanbusinessmagazine.com Editor [email protected] Advertising [email protected] DISCLAIMER Sudan Business Magazine, publishes news, information, analysis, opinion, and commentary. The magazine includes both reported and edited content and unmoderated posts and comments containing personal opinions on a wide range of topics. Sudan Business Magazine does not routinely moderate, screens, or edits content contributed by readers. The content and any information therein are provided without warranty of any kind, including the implied warranties of merchantability, fitness for use of a particular purpose, accuracy, or noninfringement. 2 Contents 4 4 Sudan’s PM gets the country’s Polish-Sudanese political first visa card 17 consultations in Warsaw Sheikh Hamdan bin Rashid Al USS Winston S. Churchill 5 Maktoum the visionary leader 18 conducts port visit to Sudan who stood by Sudan Siemens Energy to help stabilise 19 USAID & Zain collaborate to support 6 Sudan grid for Egypt power women in business export Orca Gold’s CEO Richard Clark Bakinam Rahama, 19 declares Sudan as an emerging 7 Co-Founder of NGO, market Drop of Water receives Yousif Badri Civic Engagement International Prize 5 Port Sudan Review: 20 A strategic revenue stream Written by Islam Baasher Sudan Marks Milestone with 8 Historic Bank Wire Transfer 25 Sudan preparing for global oil & gas Solar power lights up Sudanese exploration round with 26 blocks 9 refugee camp 10 26 COMPANY LAW & CORPORATE Sudan receives first delivery of GOVERNANCE IN SUDAN 10 COVID-19 vaccines with over 800,000 doses UNIDO to launch a Business to 27 Business (B2B) event in Kassala to Morocco’s Managem takes link the sesame value chain actors 11 65% stake of Sudan’s Gabagba 15 Gold mine Tirhal partners with the Orange 28 Corners Sudan program 12 Ericsson in Sudan World Bank re-engages with Sudan 28 following arrears clearance 15 WFP to provide Sudan with wheat in 2021 Minister of Livestock: 30 40 tons of slaughtered meat 18 arrives in Jordan 15 Saudi Arabia, Sudan Eye Mutual Investments in Energy 30 Sudan Airways a new chapter begins British Council organized festival 16 gives Sudanese film lovers drive-in cinema Subscribe Sudan business magazine is Sudan’s premier business monthly for business development executives, entrepreneurs, decision-makers, and corporate leaders. Monthly Business Magazine Sudan Febuary 2021 Business UAE CONTINUES TO SUPPORT SUDAN WORLD BANK GROUP COUNTRY MAHGOUB SONS MANAGER VISITS GROUP 249STARTUPS PARTICIPATE AT GULFOOD 2021 OPENING OF THE SECOND FIFA GUM ARABIC PRESIDENT MANUFACTURING IN VISITS SUDAN NYALA Elbarbary Medical Q&A WITH RANDA ELBARBARY ABOUT HEALTHCARE IN SUDAN SUDAN BUSINESS MAGAZINE 1 Monthly Business Magazine Sudan March 2021 PRIME MINISTER Business PORT SUDAN REVIEW: HAMDOK RECEIVES A STRATEGIC REVENUE STREAM VISA CARD SUDAN AIRWAYS A NEW CHAPTER BEGINS ERICSSON IN SUDAN USS WINSTON VICTOR LINDBERG SHARES S. CHURCHILL AN INSIGHT ON INFORMATION DOCKS IN AND COMMUNICATIONS PORT-SUDAN TECHNOLOGY IN SUDAN SUDAN PREPARING FOR GLOBAL OIL & GAS EXPLORATION OTHER ROUND WITH 26 BLOCKS FETATURES SUDAN RECEIVES 800,000 COVID-19 VACCINES $50.00 $100.00 Per Year Per Year 1-YEAR DIGITAL SUBSCRIPTION 1-YEAR DIGITAL & PRINT SUBSCRIPTION Latest Business News Latest Business News Access past magazine editions Printed magazine delivered to your address Access past magzine editions (digital) 4 SUDAN BUSINESS MAGAZINE Sudan’s PM gets the country’s first visa card Source: Arabnews.com RIYADH: Sudan’s first local visa Other reforms include fuel price card has been issued to its prime liberalization, which contributed minister as Khartoum takes to the acceleration of inflation to another step toward normalizing 330.8 percent last month. its financial system. “We aim to attract remittances of Prime Minister Abdullah Hamdok Sudanese working abroad through received the card from the Shariah- official channels and attract inflows compliant United Money Bank, of foreign investment,” the Central Asharq Business reported. Bank of Sudan said. It follows a move by the “Unifying the Sudanese pound government to unify the country’s exchange rate, canceling fuel exchange rate, United Money Bank subsidies and tax measures within “We aim to attract CEO Yusef Ahmed Al-Tanni said. the 2021 budget, and increasing remittances of Sudanese electricity, will reduce the working abroad through Sudan has embarked on a number distortions of the economy official channels and of economic reforms since being and facilitate financial control,” attract inflows of foreign removed from the US Sponsors of the International Monetary investment,” the Central Terrorism list late last year. That Fund said. Bank of Sudan said. decision has helped the country take steps toward re-joining the international financial system. SUDAN BUSINESS MAGAZINE 5 Sheikh Hamdan bin Rashid Al Maktoum the visionary leader who stood by Sudan 1945 - 2021 heikh Hamdan bin Rashid Al Maktoum, UAE Minister of Finance and Deputy SRuler of Dubai, has passed away at the age of 75. He held the position of Minister of Finance since the first formation of the Cabinet of the UAE in1971. Sheikh Hamdan bin Rashid Al Maktoum initiated the Al Maktoum Foundation, a charity headquartered in Dubai, UAE, which has significantly supported Sudan in all areas, including the field of higher education establishing 12 schools around the country. Since inception, the Al Maktoum Foundation has provided millions of dollars worth of donations, aid and supported development projects in Sudan, thus understanding the honour, respect and commitment which Sheikh Hamdan bin Rashid Al Maktoum provided to the Sudanese people. May he rest in peace. 6 SUDAN BUSINESS MAGAZINE Siemens Energy to help stabilise Sudan grid for Egypt power export Source: powertransformernews.com The Egyptian Electricity he project will improve supply and enhance reliability of power across Sudan. Today, only around 60 percent of Transmission Company and Tthe population in Sudan has access to electricity. the Sudanese Electricity This contract will be the first grid stabilization of scale to Transmission Company have be carried out in Sudan and will utilize Siemens Energy’s awarded Siemens Energy Static Synchronous Compensator (STATCOM) technology. STATCOM regulates the transmission variations automatically with a contract to build grid according to the grid conditions. The solution will strengthen stabilization stations in and stabilize the power grid by providing reactive power Sudan which will stabilize compensation and dynamic voltage support. the grid and ensure a reliable “This project will support growth, jobs and economic transformation,” Said Mahmoud Hanafy, Vice President, flow of power from Egypt to Siemens Energy Transmission Solutions in the Middle East. Sudan. “We are proud to contribute to this strategic project which SUDAN BUSINESS MAGAZINE 7 is critical to accelerate energy transition and foster power trade in both countries. The project is also aligned with Siemens Energy’s commitment to accelerate energy access and security in a sustainable and economically sensible way.” One of the two stations will be built in the capital of the state of Northern Sudan, Dongola. The second station will be built in the town of Merowe, about 330 kilometers north of Sudan’s capital Khartoum, where the Merowe High Dam is located. The Merowe High Dam is one of the largest hydropower projects in Africa. “This project will help Egypt export reliable power to its Bakinam Rahama, neighbor, bringing it closer towards its goal of becoming a regional power hub. We Co-Founder of NGO, are proud to be part of this endeavor and to help Egypt Drop of Water receives achieve its goals in the region,” said Emad Ghaly, Siemens Yousif Badri Civic Engagement Energy Egypt’s Managing Director. International Prize Work will commence by March 2021 and the project is Ahfad University for Women in Sudan, in celebration of its expected to be complete within Golden Jubilee has established the Yousif Badri Civic Engagement two years. International Prize (YbCEIP) to pay tribute to the founding father Yousif Badri’s remarkable and life-long service to women’s education In 2019, Siemens Energy has and civic engagement. completed the energization of Toshka substation, which YbCEIP recognizes and celebrates extraordinary programs with plays a strategic role in Egypt- ongoing community engagement and provision of services initiated Sudan Electric Interconnection by universities and civil society organizations. It is established to project. Egypt has invested in encourage and aid their efforts through the awarding of a financial maximizing the country’s power prize. capacity. Siemens Energy’s mega power plants enabled Drop of Water has been recognized with its ongoing non-profit Egypt to boost its generation extraordinary provision of service program under the selection criteria capacity by 40 percent in less of, Active Engagement for Vulnerable Communities and Promotion of than three years. Now the Sustainable Initiatives for Social Change. country is looking to export the surplus energy and become a Bakinam Rahama, co-founder of the Drop of Water received the regional energy hub. financial gift of ($5,000) to encourage and aid its efforts in its community engagement. 8 SUDAN BUSINESS MAGAZINE Sudan Marks Milestone with Historic Bank Wire Transfer Source: voanews.com WASHINGTON - The first wire transfer between Sudan and a U.S.-based bank was completed successfully ending more than 20 years of economic isolation. Sudanese Ambassador to the United States Nureldin Satti told VOA he received a test wire transfer from Qatar National Bank in Khartoum to his personal account at Wells Fargo in the United States.